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LO 6-3, 6-6 PB6-5 Analyzing Multiproduct CVP, Break-Even Point, Target Profit, Margin of Safety Joan Company produces two backpack models. Information about its products follows:
LO 6-3, 6-6 PB6-5 Analyzing Multiproduct CVP, Break-Even Point, Target Profit, Margin of Safety Joan Company produces two backpack models. Information about its products follows: Joan's fixed costs total $51,700. CHAPTER 6 Cost-Volume-Profit Analys Required: 1. Determine Joan's weighted-average unit contribution margin and weighted-average contribution margin ratio. 2. Calculate Joan's break-even point in units and in sales revenue. 3. Calculate the number of units that Joan must sell to earn a $95,000 profit. 4. Calculate Joan's margin of safety and margin of safety as a percentage of sales if it sells 35,000 total backpacks
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